Forecast Of The Day: Intercontinental Exchange Data Services Revenue
What?
Intercontinental Exchange (NYSE:ICE) Data Services Revenue rose from $2.2 billion in 2019 to $2.5 billion in 2021. Trefis expects the metric to grow to about $3 billion by 2024.
Why?
- Intercontinental Exchange Stock Gained 22% YTD, What’s Next?
- Intercontinental Exchange Stock Gained 15% YTD, What’s Next?
- Up 24% Since The Start Of 2023, What To Expect From Intercontinental Exchange Stock After Q4 Results?
- Up 7% In The Last One Month, Where Is Intercontinental Exchange Stock Headed?
- Where Is Intercontinental Exchange Stock Headed?
- Intercontinental Exchange Stock Is Trading Below Its Fair Value
We expect growth to be driven by rising demand, due to an increase in volumes and data quality, as well as higher fees.
So What?
We remain positive on ICE stock with a $120 price estimate, which is about 20% ahead of the current market price.
See Our Complete Analysis For Intercontinental Exchange
| Returns | Dec 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
| ICE Return | -7% | -27% | 78% |
| S&P 500 Return | -6% | -20% | 71% |
| Trefis Multi-Strategy Portfolio | -7% | -23% | 209% |
[1] Month-to-date and year-to-date as of 12/20/2022
[2] Cumulative total returns since the end of 2016